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SBA 7(a)Paid in Full

Premiere Renovations and Construction LLC

Leonardtown, MDNortheast BankNew Single-Family Housing Construction (except Operative Builders) · NAICS 236115
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APPROVAL AMOUNT
$150,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2019-10-23
7.75% rate
JOBS SUPPORTED
5
Borrower-reported

Estimated monthly payment

MONTHLY
$1,800
AT RATE
7.75%
recorded at approval
TOTAL INTEREST
$66,019
over 10 yrs
TOTAL REPAID
$216,019

Computed from this loan's recorded initial rate and term. Most 7(a) rates are variable and reset with the base rate, so the real schedule drifts from this, and SBA guaranty fees and closing costs are not included. Adjust the assumptions.

Loan details & location

LOCATION
Leonardtown, MD 20650
INDUSTRY
New Single-Family Housing Construction (except Operative Builders) · NAICS 236115
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
7.75%
LOAN STATUS
Paid in Full
Leonardtown, MD 20650

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